Business

Żabka checkout error triggers random discounts, forces store closures across Poland

A technical error in Żabka's promotional system caused random high discounts on products Sunday, prompting some franchisees to shut stores temporarily while the company worked to fix the issue.

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Business·16h ago

Saxony's apprenticeship market shifts as companies become more selective

After years of filling every training slot, Saxon companies now reject candidates who aren't a perfect fit, driven by economic uncertainty and a cooling automotive sector, while the Dresden chip industry ramps up its own training programs.

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Business·from Jul 20·upd. Jul 25

Paramount freezes $110bn Warner Bros. Discovery merger until 2027 after state antitrust suits

Paramount Skydance agreed on Friday to pause its $110 billion acquisition of Warner Bros. Discovery until at least June 2027, sidestepping a preliminary injunction fight while a dozen US states and the Writers Guild of America press antitrust claims.

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Business·2d ago

AI hedge fund Situational Awareness forced to sell $16 billion portfolio to Citadel after chip bets backfire

The fund run by 24-year-old Leopold Aschenbrenner was hit by July's semiconductor sell-off and margin calls, leading to an overnight auction where Ken Griffin's Citadel bought the bulk of the portfolio at a discount.

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Business·from Jul 22·upd. Jul 23

Alphabet posts $112bn profit as cloud surges 82%, but record cash burn and $205bn capex plan rattle investors

Google parent reports $119.8bn revenue and 82% cloud growth, yet lifts capex forecast to $205bn and posts first negative free cash flow in nearly two decades, sending shares down 5% after hours.

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Business·from Jul 22·upd. Jul 23

Nestle to raise €3 billion from water business spin-off into Peranel joint venture with Platinum Equity

The Swiss food giant will transfer brands like Perrier and San Pellegrino into a 50-50 venture with US investment firm Platinum Equity, valuing the new company at €4.9 billion.

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Business·from Jul 23·upd. Jul 23

Ford and Geely to produce five vehicles at Valencia plant under new joint venture

The joint venture, 66% owned by Ford, will begin producing Geely's EX5 electric SUV and four other models at the Almussafes plant in 2028, securing over 15,000 indirect jobs.

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Business·from Jul 20·upd. Jul 20

US judge temporarily blocks Paramount's $110bn Warner Bros acquisition after states' antitrust lawsuit

A federal judge in Oakland issued a 14-day restraining order, citing 'serious questions' about competition, while 12 states seek a longer injunction.

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Business·Jul 23

easyJet profits plunge 70% as Middle East war drives fuel costs higher, takeover battle continues

The British low-cost carrier reported pre-tax profit of £85 million for April–June, down from £286 million a year earlier, as fuel costs jumped £105 million and the Middle East conflict dampened bookings.

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Business·Jul 24

SAP cloud revenue beats estimates, but profit miss and acquisition costs trim 2026 outlook

Cloud revenue rose 24% to €6.28 billion, while operating profit fell short of analyst forecasts and the 2026 profit target was lowered after the Dremio and Prior Labs purchases.

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Business·Jul 24

Volkswagen profit drops 32.9% in Q2 as China sales collapse; group cuts full-year revenue forecast and plans up to 50,000 more job cuts

Net income fell to €1.54 billion in the second quarter, down from €2.29 billion a year earlier, while deliveries in China tumbled more than a third to 424,300 vehicles.

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Business·yesterday

Elon Musk's fortune slashed by $646 billion in six weeks after SpaceX share plunge

The Tesla and SpaceX CEO saw his net worth fall from a peak of $1.33 trillion in June to $684 billion as SpaceX's post-IPO stock tumbled.

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Żabka checkout error triggers random discounts, forces store closures across Poland

Saxony's apprenticeship market shifts as companies become more selective

Paramount freezes $110bn Warner Bros. Discovery merger until 2027 after state antitrust suits

AI hedge fund Situational Awareness forced to sell $16 billion portfolio to Citadel after chip bets backfire

Alphabet posts $112bn profit as cloud surges 82%, but record cash burn and $205bn capex plan rattle investors

Nestle to raise €3 billion from water business spin-off into Peranel joint venture with Platinum Equity

Ford and Geely to produce five vehicles at Valencia plant under new joint venture

US judge temporarily blocks Paramount's $110bn Warner Bros acquisition after states' antitrust lawsuit

easyJet profits plunge 70% as Middle East war drives fuel costs higher, takeover battle continues

SAP cloud revenue beats estimates, but profit miss and acquisition costs trim 2026 outlook

Volkswagen profit drops 32.9% in Q2 as China sales collapse; group cuts full-year revenue forecast and plans up to 50,000 more job cuts

Elon Musk's fortune slashed by $646 billion in six weeks after SpaceX share plunge

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